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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>58816</law_id><section_number>38.2-2707</section_number><catch_line>When Commission may order implementation of &#xA7;&#xA7; 38.2-2708 and 38.2-2709</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>38.2-2708</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="38.2">Insurance</unit><unit label="chapter" level="2" order_by="1" identifier="27">Basic Property Insurance Residual Market Facility and Joint Underwriting Association</unit></structure><text>
						<section><p>If the <span class="dictionary">Commission</span> finds, after a reasonable period of time, that the <span class="dictionary">residual market facility</span> established by &#xA7;&#xA0;<a class="law" title="Establishment of residual market facility" href="/38.2-2702/">38.2-2702</a> is not creating a market that meets the purposes of this chapter, the <span class="dictionary">Commission</span> may <span class="dictionary">order</span> the implementation of &#xA7;&#xA7;&#xA0;<a class="law" title="Creation and plan of operation of joint underwriting association" href="/38.2-2708/">38.2-2708</a> and <a class="law" title="Ceding basic property insurance to association; participation of members; governing body" href="/38.2-2709/">38.2-2709</a>.</p></section></text><history>1968, c. 559, &#xA7; 38.1-749; 1973, c. 451; 1986, c. 562.</history><metadata></metadata></law>
